Storefront Building with
For Sale
$399,000
3620 Riverside Drive, Macon, GA 31210
One-level commercial building with central air, a walk-in freezer, storage room, and office area.
Property Size1,580 SF
Price / SF$252.53
Days on Market318
Property Features for 3620 Riverside Drive
General Information
Standard status
Active
Size
1,580 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,645
Amenities
Central Air
3
Parking.
16 Parking Spaces. Other Parking.
18295.19921875
In City.
Building Details
Year Built
1986
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
Sheridan Solomon & Associates
(478) 714-2133
Listed By:
Patti Chapman · License #272829
(478) 714-2133
Source:
Xome
Added: Oct 18, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sheridan Solomon & Associates
Investment Insights
Based on property information with market context.
This one-level storefront property at 3620 Riverside Drive includes central air, high ceilings, and abundant natural light. The interior incorporates a walk-in freezer, storage room, and office area, with a layout that previously supported long-term restaurant operations. The building was constructed in 1986.
The property is positioned on Riverside Drive in Macon, Georgia, along a busy thoroughfare with storefront exposure and daily vehicle traffic. On-site parking includes 16 spaces. Its existing configuration combines customer-facing commercial space with back-of-house storage and office components.
The property is positioned on Riverside Drive in Macon, Georgia, along a busy thoroughfare with storefront exposure and daily vehicle traffic. On-site parking includes 16 spaces. Its existing configuration combines customer-facing commercial space with back-of-house storage and office components.
Key Highlights
- 16 on‑site parking spaces
- Walk‑in freezer included with the building
- Storage room and office area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,700
$300.7K
Cap Rate 7%
$214,786
$214.8K
Cap Rate 9%
$167,056
$167.1K
Market Conditions
NOI Build-Up for 1,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.8K $14.40/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$21.5K $13.59/SF
− OpEx
−$6.4K −$4.08/SF
NOI
$15.0K $9.52/SF
Area
Macon, GA
Vacancy
5.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,700
Cap Rate 7%
$214,786
Cap Rate 9%
$167,056
Alternative Uses
Best Use
Retail
$214.8K
$187.9K – $250.6K
NOI $15,035 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$302.3K
$264.5K – $352.7K
NOI $21,159 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
23,024 visits/mo
0.5 miles
Renasant Bank
Shops & Services
876 visits/mo
0.4 miles
Demographics for 31210, GA
35,345
Population
15,768
Households
2.2
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
41.3 sq mi
ZIP Area
856
Density / Sq Mi
$82,158
Median Household Income
$44,231
Median Earnings
$1,260
Median Rent
$259,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mary Pinson — 1090 Washington Ave, Macon, GA 31201
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- Hornbuckle Wholesale Florist — 443 Monroe St, Macon, GA 31201
- Kroger Floral — Macon, GA 31211
Frequently Asked Questions
What type of property is this?
Storefront property - One-level commercial building with central air, a walk-in freezer, storage room, and office area.
Where is this storefront property located?
The property is located at 3620 Riverside Drive Macon, GA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 16 on‑site parking spaces; Walk‑in freezer included with the building; Storage room and office area
